Why do a Dual Executive MBA?
A Dual Executive MBA unites the best of two world class business education programs in a single offering. The right Dual Executive MBA is designed to bring together theory, insight and learning from two separate centres of business scholarship - giving you a broader perspective that reflects the diverse challenges of the modern global business environment. A Dual Executive MBA provides participants with a synthesis of approaches, methods of learning and perspectives that is both enriching and collaborative.
Why do a Dual Executive MBA focused on East and West?
Capture the rise of the Asian century
A Dual EMBA focused on East and West reflects the economic realities which define the environment that major global companies operate in: the rise of China and the influence of the Asia-Pacific region on world trade. Participants are able to explore elements of Eastern and Western economics and management - and the mindset, cultural norms and business practices of both regions. That ability to adapt and combine perspectives creates a competitive advantage for participants and their organizations.
Those individuals understand that effective East-West business is not just about the logic of opportunity and profit will be best placed to benefit from China's ascent. They also realise that understanding and anticipating the differences in alternative perspectives is essential. According to Forbes, up to 70% of global growth will be generated by emerging markets to 2020. Businesses will need leaders who are comfortable developing relationships, securing joint ventures and leading operations that connect Eastern and Western business practices.
How does the IMD - CKGSB Dual Executive MBA program compare with IMD's existing Executive MBA program?
Global reach versus China focus
IMD has offered an EMBA since 1998. Our program is rigorous and demanding, and offers a global outlook. Our participants visit multiple continents, from Europe to Asia to America. The IMD EMBA program is highly popular and continues to flourish.
This Dual Executive MBA will be equally demanding and equally rigorous, but is distinctive in a very important respect: it emphasizes China. It will be taught equally by Faculty from IMD and CKGSB, will have approximately equal representation in terms of students, and will view the world of business by taking a balanced East-West approach.
For many executives, seeking a broad global perspective, the IMD EMBA will remain the program of choice. For executives with a particular commitment to China - either coming from China, or interested in working with China - the IMD CKGSB Dual EMBA will be the program of choice.
What makes this program different from other joint Executive MBAs offered between Western and Asian institutes?
As committed to the East as it is to the West
Although the language of instruction and coursework is English, we are seeking to ground the program in a perspective that is neither explicitly nor even implicitly Western, as much as both East and West. Before we address business topics, we want first to locate commerce and management within a social and historical context. We will begin by forging an understanding of comparative historical, philosophical, and social systems. Topics such as power and authority, commerce and exchange, innovation and creativity, will be grounded in an East and West context.
In addition, the extent of written work, with an emphasis on value to the sponsoring companies, is a distinctive element of our dual program.
Why do an Executive MBA focused on China?
China in on track to becoming the world's largest economy by 2019. According to The Economist, China is likely to overtake the United States in the global economic rankings.
China is one of the engines of the global economy. Executives who know how to work effectively with China will be best placed to lead their company in a rapidly evolving international business environment.
China's ascent has implications for individuals and organisations operating in the global economy. The Chinese market is one of the best sources of growth opportunities right now, and Chinese outbound investment and innovation will significantly impact upon Western economies.
The structure of the global economy is rapidly changing shape, with greater importance in Asia. Individuals who know how to navigate the complex, opportunity-filled relationship between East and West will be best placed to succeed.
Why partner with CKGSB?
CKGSB is China's leading and most entrepreneurial business school with a wide range of innovative programs ranging from MBA and Executive MBA to DBA. Over recent years, CKGSB has become a leader in executive education with over 43 full-time world class Faculty members who are recognized as influential thought leaders on business in China. More than half of CKGSB's alumni are first generation entrepreneurs and hold one fifth of China's most valued brands. The school is committed to building a global operating presence. Established in Beijing in 2002, CKGSB is a private, not-for-profit, independent business school and is sponsored by the Li Ka Shing Foundation.
What are the essential elements of the IMD - CKGSB Dual Executive MBA?
The Dual Executive MBA offers a flexible modular learning format which can be completed over an average of 18 months. It is structured in two stages: the foundation stage, from April through to November, and the mastery stage, from November through to the following September. At the foundation stage, with its flexible modular format, you have a choice of 2 different residential modules - one with a western perspective and one with an eastern perspective, and a distance learning component. Different combinations of these options are available. During the mastery stage you will take five one-week core modules, in London, Johannesburg, Shanghai, Lausanne and Beijing.
What topics will be covered in the IMD - CKGSB Dual Executive MBA?
As with any EMBA, business administration is central. We will cover core functions such as marketing, finance, strategy, innovation, operations, and leadership. Complementing this central core are two other important pillars. First, we will consider global political and economic issues, including global financial systems, trade, government and national security, environmental sustainability, and demographics and education. Second, we will examine individual behavior, including leadership, culture, teamwork, and communication.
In addition, there will be a combination of company and leadership written assignments. These assignments will call for you to work independently, conducting analysis and submitting written work to reach the high standards of the EMBA program. They provide an opportunity to apply what you learn to real life situations, for the benefit of your own personal and company contexts. Graduating students will have attained a thorough mastery of business administration, with benefits to the individual and his or her company, and grounded in a deep understanding of East and West.
What is currently happening in China?
China's economy, its markets and its major industries are undergoing a radical shift with a global focus that will have significant implications for Western organisations.
China is fast moving from an export-driven economy to a consumer-driven economy, thanks to a rapidly expanding middle class, bulging foreign currency reserves and leaps in standards of living. These trends have ramifications for the growth of the Chinese economy to 2020.
Executives who can deal with the opportunities and challenges of China will be well-placed to lead the way for their organisation's growth and success. The moment of opportunity is now.
What are the facts about trade between China, Europe, the Middle East and Africa?
China's globalization will set the EMEA growth agenda: EMEA has a critical role to play in global trade in the future, which will be framed by China's globalisation. The European Union is China's largest export destination ($300bn), and the EU and China trade more than $1bn every day.
EMEA is key to Chinese MNC expansion: EMEA is set to benefit from the globalisation strategies of China's state-owned and private multinational companies, as they seek to bolster their own capacities in order to compete in an aggressive domestic market. EMEA in total accounts for $262bn of Chinese outward investment.
EMEA will unlock Chinese innovation: Chinese companies know that they need to rapidly increase their innovation capabilities in order to create brands that challenge the world's leaders. In order to increase its access to IP and technology by 2020, China is predicted to invest between $250 to $500bn in Europe.
Africa will fuel China's domestic production engine: As China expands its domestic production capabilities; it needs access to natural resources that will support its continued growth. Chinese investment in Africa is accelerating and shows no signs of slowing. Africa accounts for the highest amount of Chinese outward investment ($120bn) and GDP is expected to grow by 5% up to 2020.